Medley Management Inc (MDLY) Stock Price Down 4.2%
Medley Management Inc (NASDAQ:MDLY)’s share price fell 4.2% during trading on Wednesday . The company traded as low as $7.25 and last traded at $7.25, with a volume of 112,149 shares changing hands. The stock had previously closed at $7.57.
A number of brokerages have recently commented on MDLY. Keefe, Bruyette & Woods lifted their target price on shares of Medley Management from $5.50 to $7.50 and gave the company a “market perform” rating in a report on Friday, August 12th. Ladenburg Thalmann cut shares of Medley Management from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $6.00 to $7.50 in a research note on Wednesday, August 17th. Zacks Investment Research cut shares of Medley Management from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. Deutsche Bank AG boosted their price objective on shares of Medley Management from $6.25 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Finally, FBR & Co reissued a “hold” rating and issued a $7.00 price objective on shares of Medley Management in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $8.05.
The stock has a market cap of $42.81 million and a P/E ratio of 127.76. The stock’s 50-day moving average is $7.36 and its 200 day moving average is $6.31.
Medley Management (NASDAQ:MDLY) last released its earnings results on Thursday, August 11th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.02. During the same period in the prior year, the business posted $0.22 EPS. The firm earned $21.30 million during the quarter, compared to the consensus estimate of $19.30 million. The company’s revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that Medley Management Inc will post $0.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Wednesday, August 24th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 10.90%. The ex-dividend date of this dividend is Monday, August 22nd.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 5,400 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $7.56, for a total transaction of $40,824.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Medley Management Inc is an asset management firm offering yield solutions to retail and institutional investors. The Company operates in the investment management segment. It is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States.
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